NewWave USD (South Africa) Performance
| NEWUSD Etf | 1,869 27.00 1.42% |
The etf secures a Beta (Market Risk) of 0.0392, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NewWave USD's returns are expected to increase less than the market. However, during the bear market, the loss of holding NewWave USD is expected to be smaller as well.
Risk-Adjusted Performance
Insignificant
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in NewWave USD Currency are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, NewWave USD is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more
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NewWave USD Relative Risk vs. Return Landscape
If you would invest 182,700 in NewWave USD Currency on November 18, 2024 and sell it today you would earn a total of 4,200 from holding NewWave USD Currency or generate 2.3% return on investment over 90 days. NewWave USD Currency is generating 0.0395% of daily returns and assumes 0.7655% volatility on return distribution over the 90 days horizon. Simply put, 6% of etfs are less volatile than NewWave, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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NewWave USD Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NewWave USD's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as NewWave USD Currency, and traders can use it to determine the average amount a NewWave USD's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0517
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| Negative Returns | NEWUSD |
Estimated Market Risk
| 0.77 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average NewWave USD is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NewWave USD by adding it to a well-diversified portfolio.